You have a credit card account with a previous balance of $635. You added two additional purchases for $75 and $50 during this billing period. You made a payment of $150. Your APR is 16.5%. Using the adjusted balance method, what is your new balance?​

Answers

Answer 1

Answer:

The new monthly balance will be $618.235.

Explanation:

Since you have a credit card account with a previous balance of $ 635, and you added two additional purchases for $ 75 and $ 50 during this billing period, and then you made a payment of $ 150 and your APR is 16.5%, to determine what is your new balance using the adjusted balance method, the following calculation must be performed:

(635 + 75 + 50 - 150) x (1 + 0.165 / 12) = X

610 x 1,0135 = X

618.235 = X

Thus, the new monthly balance will be $618.235.

Answer 2

Using the adjusted balance method, your new credit card balance is $618.39.

What is the Adjusted Balance Method

The adjusted balance method for calculating your finance charge uses the previous balance from the end of your last billing cycle and subtracts any payments and credits made during the current billing cycle..

Data and Calculations:

Previous balance = $635

Additional purchases = $125 ($75 + $50)

Payment = $150

APR = 16.5%

Finance charge = $8.39 ($635 - $150 - $125) x 16.5%/12

Adjusted balance = $618.39 ($635 - $150 + $125 + $8.39

Thus, using the adjusted balance method, the new balance on the credit card is $618.39.

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Related Questions

What are some positive and negative Impacts of globalization

Answers

Answer:

Globalization goal is 100% percent control of the people

Explanation:

Evidence of this is Charles Swab saying you will own nothing and be happy

Positive impacts are that globalisation can lead an increase in production for businesses in order to meet global demand. It allows companies to find lower-cost ways to produce their products. It also increases global competition, which drives prices down and creates a larger variety of choices for consumers. Lowered costs help people in both developing and already-developed countries live better on less money.

Negative impacts are:

Outsourcing services, decrease in wages, workers' rights and interdependent economy.

What does the government have to do with public sector ?

Answers

Public sectors include public goods and governmental services such as the military, law enforcement, infrastructure (public roads, bridges, tunnels, water supply, sewers, electrical grids, telecommunications, etc.), public transit, public education, along with health care and those working for the government itself

Drag the tiles to the correct boxes to complete the pairs. Match each scenario with the government agency it involves. Environmental Protection Agency Occupational Safety and Health Administration Food and Drug Administration Dwayne's company has clearly marked each container to indicate what chemical it contains and the threat it poses. arrowRight Ryan's new car is certified to meet federal emission standards. arrowRight Lisa finds that her favorite brand of yogurt has been taken off the shelf after the company ordered a recall. arrowRight

Answers

Answer:

1. Occupational Safety and Health Administration (OSHA).

2. Environmental Protection Agency (EPA).

3. Food and Drug Administration (FDA).

Explanation:

1. Occupational Safety and Health Administration (OSHA): Dwayne's company has clearly marked each container to indicate what chemical it contains and the threat it poses.

The Occupational Safety and Health Administration (OSHA) is a federal agency saddled with the responsibility of assuring and ensuring safe and healthy working conditions for employees by setting and enforcing standards, providing education, trainings and assistance to various organizations.

2. Environmental Protection Agency: Ryan's new car is certified to meet federal emission standards.

In the United States of America, the agency which was established by US Congress and saddled with the responsibility of overseeing all aspects of pollution, environmental clean up, pesticide use, contamination, and hazardous waste spills is the Environmental Protection Agency (EPA). Also, EPA research solutions, policy development, and enforcement of regulations through the resource Conservation and Recovery Act.

3. Food and Drug Administration (FDA): Lisa finds that her favorite brand of yogurt has been taken off the shelf after the company ordered a recall.

It is a federal agency of the government of the United States of America saddled with the responsibility of protecting the consumers of edible products and public health safety.

Khalifa wants to expand his business further. He needs to know if he will make enough profit over the next six months. To do so, Khalid has suggested calculating his breakeven point, and his profit. Khalifa will need 100,000 AED to expand his business.
2a. Evaluate why it is a good idea for Khalifa to calculate his breakeven point.

Answers

Answer:

It is a good idea for Khalifa to calculate his breakeven point because the breakeven point will tell him at which point his sales revenue will cover his costs, giving him a profit of exactly zero.

In other words, once the breakeven point is reached, any additional sales will become profit for Khalifa, because the costs of the company will have already been covered.

The breakeven point is one of the most important financial measures, as for this reason, all firms should calculate it, whether small or large.

what are the major challanges of foriegn employment for nepalese​

Answers

Explanation:

The below are some of the difficulties encountered in international job opportunities:

Workers had to work long shifts without any breaks and are frequently paying no pay.

Since the majority of semi-skilled and unskilled workers travel to overseas nations, they are unable to find jobs in accordance with their contracts.

Which descriptions offer examples of Health, Safety, and Environmental Assurance workers? Check all that apply.

Gonzalo purchases materials for a manufacturing plant to use in building airplanes.
Rachel fixes broken machinery in a factory.
Trey creates procedures to help employees stay injury-free while working in a factory.
Patrice creates schedules to make sure employees in a factory complete their work on time.
Carl uses equipment to reduce environmental damage from a manufacturing plant.
Athena examines health and safety hazards for employees working in a manufacturing plant.

Answers

Answer:

The other person is correct

Explanation:

An examples of Health, Safety, and Environmental Assurance workers are Trey creates procedures to help employees stay injury-free while working in a factory. Thus, the correct option is (C, E, F).

What do you mean by an Environmental Assurance workers?

Environmental assurance is a way for a horticulture company to show that it is using management techniques that meet the standards for environmental protection set by its clients, the local community, and other interested parties.

Environmental, Health, and Safety (EHS) specialists are in charge of developing, implementing, and upholding an organization's EHS policies and practices.

Their main goal is to establish an environment at work that is both safe and healthy for everyone involved.

Therefore, an examples of Health, Safety, and Environmental Assurance workers are:

Trey creates procedures to help employees stay injury-free while working in a factory.Carl uses equipment to reduce environmental damage from a manufacturing plant.Athena examines health and safety hazards for employees working in a manufacturing plant.

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it is a price of material per piece or per unit?​^_^

Answers

price per piece of material

A bank will not require security in the form of collateral as a guarantee the loan will be repaid.


True

False

Answers

the answer is so true

2. Which of the following is not involved in the role of procurement? DE
(1 Point)
O Purchasing supplies
Receiving deliveries
Creating advertising campaigns
Identifying good to buy
O Choosing suppliers

Answers

27.36 ieiejebdbbsbebe

Explain what test marketing is and its purpose?​

Answers

Test marketing is a marketing method that aims to explore consumer response to a product or marketing campaign by making it available on a limited basis before a wider release. Consumers exposed to the product or campaign may or may not be aware that they are part of a test group.

The HR manager is considering giving more full-time contracts. Would you recommend Top Hotels offer more employees full-time contracts? Justify
your answer.

Answers

Answer:

Yes

Explanation:

Yes, I would recommend offering more employees full-time contracts. This is because having employees that know the ins-and-outs of a company is extremely valuable. These employees are able to function with less supervision and think ahead in order to prevent problems before they occur, as well as solve current situations quickly and efficiently. By working full-time they ultimately grow with the company and are able to progress faster. This is incredibly valuable for a company and can greatly increase profits in both the short-term and long-term

Yong teaches students with learning disabilities and physical disabilities. Barb teaches computer programming to high school students. Maya works in a private school teaching math to seventh-grade students. Destiny works in a college teaching English to adult students. Tanner helps an elementary school teacher and works under the guidance of that teacher.

Answers

1. Special education teacher
2. Career and technical education teacher
3. Middle school teacher
4. Post secondary teacher
5. Teacher assistant

Answer:

1. Special education teacher 

2. Career and technical education teacher

3. Middle school teacher

4. Post secondary teacher

5. Teacher assistant

Explanation:

In an advertisement, a statement by a user about the benefits he or she received is called a _____.
A.testimonial
B.storyboard
C.unique selling proposition
D.visual element

Answers

Answer:

A. Testimonial

Explanation:

A testimonial typically refers to the the experience a person has with the product or service. It usually contains positives, but also can have negatives as well.

~

Answer:

Testimonial

Explanation:

Are personal property taxes indirect or direct taxes?
A: indirect
B: direct

Answers

The answer should be B
the answer would be B :)

7. What is the abbreviation of gallon?
d. alo
c. gal
d. Tsp
a gra
b. lon
8. What is the abbreviation of tablespoon?
a. Spo
b. Tbsp.
9. What is the abbreviation of minute?
c. Tab
d. mut
c. mit
a. min
b. mun
10. What is the abbreviation of teaspoon?
d. Tsp
a. Spo
b. Tbsp
c. Tab​

Answers

Answer:

it is gal

it is tbsp

it is min

it is tsp

find the sum of 2x kg and 5x g. Give the answer in grammes.​

Answers

Answer: 3,600 g

Explanation:

What could this sign use on the left side.

Answers

Answer:

noce

Explanation:

help please and thank youuuuuu

Answers

Answer:

B I'm pretty sure sorry if I get it wrong

Answer:

sales tax

Explanation:

sales tax is a tax a costumer pays for certain goods and services

HURRY PLS!!!Click this link to view OʻNET's Tasks section for Lawyers. Note that common tasks are listed toward the top, and less
common tasks are listed toward the bottom. According to OʻNET, what are some common tasks performed by
Lawyers? Check all that apply.
selecting jurors, arguing motions, meeting with judges, and questioning witnesses
interpreting laws, rulings, and regulations for individuals and businesses
representing clients in court or before government agencies
performing laboratory tests on crime scene evidence
arresting, patrolling, and guarding crime suspects and people convicted of crimes
presenting evidence

Answers

Answer:

Arguing motions;

Meeting with judges, and questioning witnesses;

Interpreting laws, rulings, and regulations for individuals and businesses;

Representing clients in court or before government agencies;

Presenting evidence;

Explanation:

By the way, there is no link, but I know what the answers are, but I have studied what a lawyer does.

Answer:

top answer is correct

Explanation:

how did life begin and why do we dream?​

Answers

Answer:

The earliest life forms we know of were microscopic organisms (microbes) that left signals of their presence in rocks about 3.7 billion years old. The signals consisted of a type of carbon molecule that is produced by living things

But many researchers studying sleep and dreams believe there is a primary purpose to our dreams. Some theories suggest that dreams are: A way to process memory and learning, moving memories from short-term to long-term storage and giving the brain a clean slate

What should be the “tone” of an informal thank you letter?

Answers

Answer:

In the case of writing an informal thank you letter, the best way to show the gratitude that you want to express is through a cordial, warm and close tone, using informal but polite words that convey precisely the feeling of gratitude of the writer. Thus, distant or cold words should not be used, but rather words that bring the writer and the reader closer together.

is it ethical or unethical to cheat on your taxes? Explain why or why not

Answers

Answer:

it would be unethical to do that because you are breaking the law

Answer:

It would be unethical.

Explanation:

coconutoil2217 is correct, it would be unethical to cheat on your taxes.

please help, this is very simppleee!! ^^
Thomas is a broker who works at a large investment firm. His job is to research different stocks and make recommendations to his customers on which ones they should invest in. Which career cluster would Thomas’s job fall under?

A) Finance
B) Business management
D) STEM

*Pls don't scam me for points!!

Answers

The answer would be A.

Finance, career cluster, would Thomas’s job fall under. Thus, option (a) is correct.

What is job?

A “job” is a designation for working for a specific business. An opportunity for career advancement arises from the job. One could increase their income and gain experience by working. The job was the source of the income. They are the based on the earnings are the career cluster.

According to the Thomas’s job fall under are the based on the finance. It was the largest investment in the firm are the research are the stocks on the recommendations of the customer. It was the investing company are the related to the finance.

As a result, the finance, career cluster, would Thomas’s job fall under. Therefore, option (a) is correct.

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Help me and I will give you 30 Brainliest if your answer is correct.
"Jamie is not sure exactly what career to pursue but when she learned about the Human Services cluster, something spoke to her. Which types of career pathways are available to Jamie? Pick a career from each path and explain what it involves and where she might work if she had that job."

Answers

One of the careers from the Human Services Cluster that Jamie can consider looking at is Career Counselling.

What are Human Services Clusters?

Human needs are met via activities such as counseling and mental health programs, family and neighborhood services, personal care, and consumer services in the Human Services profession cluster.

Given that Jamie herself struggled with making this choice, she should find a purpose in Career Counselling. The career pathway to becoming a career counselor is given as follows:

Earn a bachelor's degree in counseling or a related subject of behavioral, social science, or human services.Complete graduation and postgraduate internship requirements for certification/licensure.Pass any certification/licensure examinations that are necessary.Apply for and obtain new certificates.Continue your education and keep current on trends and developments in career counseling.

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Are you going to get Paramount plus?

Answers

An waste of money you can get better stuff

Yes, every CBS All Access subscriber will be automatically transitioned to Paramount+. An automatic update should upgrade the CBS All Access app to the new Paramount+ app early Thursday, but if that hasn’t happened, you can run a manual update on your device.

Help please!!
Andrew is a software professional. He wants to join a group of software professionals on a networking site to remain updated on latest software trends. Which networking site should Andrew join?

Answers

Answer:

Linkedin

Explanation:

it specializes in that department

2. How would you up-sell your food products​

Answers

Explanation:

know which items have high profit margins

offer extras

offer a specific item

be enthusiastic about the items you are suggesting

know what items to upsell at what times

dont annoy customers

mention takeout options

Answer:

To sell food you will have to advertise it first to receive customers.

Explanation:

I sell food and it was hard trying to get customers but you have to advertise for others to see and want to taste it. But also make sure to make sure it looks picture ready for pictures.

Which of the following is not a positive impact of globalization?
Increased cooperation between countries.
Loss of jobs in the home country.
Increased competition leads to more efficiently run businesses.
Wider variety of products available to consumers.

Answers

Answer:

Loss of jobs in the home country

Explanation:

Losing jobs is a bad impact that multiple things including globalization can have.

I hope this helps :D

Why, in summary, should managers think of staffing, training, appraising, and paying employees as a talent management process?

Answers

Explanation:

The management of people in an organization is a constant and dynamic process that must be well structured, as it is the employees of the organization who will assist in the achievement of organizational goals and objectives.

Therefore, this process of recruiting, training, evaluating and paying employees must be well established in the organization as a fundamental process for organizational success. Each stage of the personnel management process is essential, and must always be organized, evaluated and monitored, so that there is continuous improvement in a company in all its systems. Through effective people management, there is greater motivation, greater productivity and greater organizational positioning.

Place the steps to creating a budget in order:


Figure out your net income.


Make a list of fixed expenses


Make a list of variable expenses.


Adjust expenses as needed


Determine if you have enough income to cover all your expenses.

Answers

Answer:

1. Figure out your net income

2. Determine if you have enough income to cover all your expenses

3. make list of variable expense

4. make list of fixed expenses

5. adjust expense

done !

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